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MIRA
INFORM REPORT
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Report No. : |
500586 |
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Report Date : |
05.04.2018 |
IDENTIFICATION DETAILS
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Name : |
ROBATECH AG |
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Registered Office : |
Pilatusring 10 5630 Muri/AG /CH |
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Country : |
Switzerland |
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Date of Incorporation : |
11.08.1975 |
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Com. Reg. No.: |
400.3.001.921-0 |
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Legal Form : |
Company limited
by shares |
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Line of Business : |
The company is engaged in the production, distribution and maintenance of application systems for industrial glue applications which are mainly used in the packaging, printing, wood, construction and automotive industries. |
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No. of Employees : |
80-149 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SWITZERLAND - ECONOMIC
OVERVIEW
Switzerland, a country that espouses neutrality, is a prosperous and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies.
The Swiss have brought their economic practices largely into conformity with the EU's to gain access to the Union’s Single Market and enhance the country’s international competitiveness. Some trade protectionism remains, however, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled demand for Swiss exports and put Switzerland into a recession. During this period, the Swiss National Bank (SNB) implemented a zero-interest rate policy to boost the economy, as well as to prevent appreciation of the franc, and Switzerland's economy began to recover in 2010.
The sovereign debt crises unfolding in neighboring euro-zone countries, however, coupled with economic instability in Russia and other eastern European economies drove up demand for the Swiss franc by investors seeking a safe-haven currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the euro, roiling global currency markets and making active SNB intervention a necessary hallmark of present-day Swiss monetary policy. The independent SNB has upheld its zero interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell below 2% per year from 2011 through 2017.
In recent years, Switzerland has responded to increasing pressure from neighboring countries and trading partners to reform its banking secrecy laws, by agreeing to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The Swiss government has also renegotiated its double taxation agreements with numerous countries, including the US, to incorporate OECD standards.
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Source
: CIA |
Company name and address
Robatech AG
Operating address:
Pilatusring 10
5630 Muri/AG
Switzerland/CH
Telephone: +41 566757700
Fax: +41
566757701
Web site: http://www.robatech.ch
E-mail: info@robatech.ch
WIN Worldbox No.: CH0000088782
VAT-No.: CHE-107.893.848 MWST
UID-No.: CHE107893848
Profile
Established: 1975
Line of Business: Machinery
Industry Division: Manufacturing
Industry-code (NACE): 2849 Manufacture
of other machine tools
2899 Manufacture of other special-purpose
machinery n.e.c.
Import/Export: Export
Quality certification: ISO 9001:2015
Banks: ZKB Zürcher Kantonalbank
UBS
Ltd
Operational
Figures
Coverage: Company
Figures: estimated
Financial year: 2017
Employees: 80-149
Sales: CHF 20-40 Mio
Activity
The company is
engaged in the production, distribution and maintenance of application systems
for industrial glue applications which are mainly used in the packaging,
printing, wood, construction and automotive industries.
Operations and Branches:
At the address,
Pilatusring 10, 5630 Muri, Switzerland, we find the office of the company.
Real
Estate
Real Estate: The company owns buildings.
Company
Register
Company No: 400.3.001.921-0
UID-No.: CHE107893848
Legal form: Company limited by shares
Registration: 11.08.1975
Legal status: active
Responsible Register: Handelsregister des Kantons Aargau
History: Date of Statutes: 26.06.1987
Date
of Statutes: 24.07.1975
Date
of Incorporation Statutes: 09.07.1975
Date
of Statutes: 06.05.2008
Entry Deleted Name
active Robatech AG
active Robatech Ltd (Name translated)
active Robatech SA (Name translated)
Entry Deleted Legal domicile
active Muri (AG), Switzerland
Entry Deleted Address
02.11.2000 Pilatusring 10, 5630 Muri, Switzerland/CH
02.11.2000 Weyermühlestrasse 19, 5630 Muri/AG,
Switzerland/CH
Entry Deleted Capital
active Share Capital CHF 650,000, paid up CHF
650,000
Entry Deleted Capital Structure
active 650 Registered shares of CHF 1,000.--
Official
Administration
Title Name
Director Meyer, Marcel
Citizen:
Langenthal, Switzerland
Residential
address: Hausen am Albis, Switzerland
single signature
Management
Title Name
Director Abegglen, Peter
Citizen:
Ringgenberg BE
Residential
address: Frauenfeld, Switzerland
joint
signature of two
Registered
since: 17.02.2014
Director Butani, Kishor Kumar Manjibhai
Citizen:
India
Residential
address: Muri/AG, Switzerland
joint
signature of two
Registered
since: 04.12.2014
Director Gränacher, Patrick
Citizen:
Gansingen, Switzerland
Residential
address: Künten, Switzerland
joint
signature of two
Registered
since: 02.08.2012
Director Meier, Martin
Citizen:
Othmarsingen, Switzerland
Residential
address: 5506 Mägenwil/AG, Switzerland
joint
signature of two
Registered
since: 13.03.2000
Director Spalinger, Martin
Citizen:
Marthalen, Switzerland
Residential
address: Rifferswil, Switzerland
joint
signature of two
Registered
since: 22.02.2013
Member with procuration Müller, Paul
Citizen:
Oberägeri, Switzerland
Residential
address: Steinhausen, Switzerland
joint power of attorney of two
Registered
since: 27.09.2006
External
Positions
Title Name
Auditor BDO AG,
Residential
address: Sursee, Switzerland
Id:
CHE-295.361.041
Registered
since: 26.09.2017
Executive
board
Title Name
Chief Executive Officer Meyer, Marcel
Chief Financial Officer Meier, Martin
Chief Technical Officer Abegglen, Peter
Chief Business Segment Officer Gränacher, Patrick
Chief Legal Officer Spalinger, Martin
Ultimate
Parent Company
Name: Hamato Holding AG
City/Country: Muri/AG, Switzerland/CH
Direct
owner/-s
No. of
owner/-s: 1
Owner: The company is domestic owned.
Class: 100%, directly held
Name: Hamato Holding AG
City/Country: Muri/AG, Switzerland/CH
Interest: 100,00% voting right, 100,00% capital
interest
Investments
Class: 100%, directly held
Name: ROBATECH (CHINA) LIMITED
City/Country: Kwai Chung, Hong Kong/HK
Interest: 100,00% voting right, 100,00% capital
interest
Class: 100%, directly held
Name: ROBATECH INDIA PRIVATE LIMITED
City/Country: Thane/Maharashtra, India/IN
Interest: 100,00% voting right, 100,00% capital
interest (since 2008)
Sisters
Name: ROBATECH MEXICO SA
City/Country: CIUDAD DE MEXICO, Mexico/MX
Financials
The subject company does not publish
financial figures.
Legal
Actions
Control date Year No. Amount CHF Status
13.01.2014 2014 0 Legal
actions
31.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
31.12.2008 2008 0 Legal
actions
No legal
actions determined.
An
updated legal action check is only available against proof of interest. e.g. a
copy of an enquiry letter, and order or invoice relating to the subject
company.
Sanctions
List
We did
not find the company included on the various international sanctions lists,
such as the OFAC (Office of Foreign Assets Control), the BIS (Bureau of
Industry and Security), the European Union Restrictive measures (sanctions)
list, the Export Control Organisation (ECO) of the UK, the Australian
Department of Foreign Affairs and Trade.
Payment
experiences
No payment history is available.
Credit
Information
Financial Statements: The company does not disclose any financial
statements. Third parties are not permitted any insight into the financial
affairs. It is therefore difficult to make a proper assessment of the actual
situation.
Financial Situation: The financial situation is difficult to
assess.
Payment experiences: Unknown
Credit Opinion: Credit to the recommended limit
should be acceptable but should be monitored on a regular basis.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.02 |
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1 |
INR 91.49 |
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Euro |
1 |
INR 79.79 |
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CHF |
1 |
INR 67.68 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
TRU |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.